Something is better than nothing, but this needs to happen sooner. It should've happened long prior to this. Just follow inflation from the last increase and see where it leads you today -- that's really the starting point. Index it from there. People are a resource, not a commodity. Yes, there's some "market play" with raises and other, more competitive positions, but if a person has to work 80 hours a week to hold at the poverty line, our capitalistic system is broken. Kaputt.